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Conference/Events
Customers Bancorp management to meet virtually with B.Riley » 11:01
11/29/21
11/29
11:01
11/29/21
11:01
CUBI

Customers Bancorp

$58.53 /

+2.35 (+4.18%)

Virtual Meeting to be…

Virtual Meeting to be held on December 6 hosted by B. Riley.

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CUBI Customers Bancorp
$58.53 /

+2.35 (+4.18%)

CUBI Customers Bancorp
$58.53 /

+2.35 (+4.18%)

11/29/21 Wedbush
Customers Bancorp price target raised to $75 from $61 at Wedbush
11/01/21 Piper Sandler
Customers Bancorp price target raised to $57 from $42 at Piper Sandler
10/29/21 B. Riley
Customers Bancorp price target raised to $80 from $60 at B. Riley
10/29/21 Maxim
Customers Bancorp price target raised to $75 from $52 at Maxim
CUBI Customers Bancorp
$58.53 /

+2.35 (+4.18%)

Recommendations
Customers Bancorp price target raised to $75 from $61 at Wedbush » 07:42
11/29/21
11/29
07:42
11/29/21
07:42
CUBI

Customers Bancorp

$56.27 /

-2.8 (-4.74%)

Wedbush analyst Peter…

Wedbush analyst Peter Winter raised the firm's price target on Customers Bancorp to $75 from $61 and keeps an Outperform rating on the shares. Although Customers Bancorp has been the best performing bank stock year-to-date, the analyst believes there is still plenty of upside and deserves to trade at least in-line with peers as Customers Bancorp has transitioned from a traditional community bank to a leading digital bank through a host of investments to expand its digital capabilities. Plus, over the past year, Customers Bancorp has addressed a number of overhangs weighing on the valuation including, repositioning the loan portfolio, setting the stage for stronger loan growth, strengthened capital ratios leading to more capital flexibility, and strengthened the deposit franchise with further room to lower deposit costs, Winter adds.

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CUBI Customers Bancorp
$56.27 /

-2.8 (-4.74%)

CUBI Customers Bancorp
$56.27 /

-2.8 (-4.74%)

11/01/21 Piper Sandler
Customers Bancorp price target raised to $57 from $42 at Piper Sandler
10/29/21 B. Riley
Customers Bancorp price target raised to $80 from $60 at B. Riley
10/29/21 Maxim
Customers Bancorp price target raised to $75 from $52 at Maxim
10/11/21 Jefferies
Customers Bancorp price target raised to $52 from $47 at Jefferies
CUBI Customers Bancorp
$56.27 /

-2.8 (-4.74%)

Over a month ago
Recommendations
Customers Bancorp price target raised to $57 from $42 at Piper Sandler » 06:03
11/01/21
11/01
06:03
11/01/21
06:03
CUBI

Customers Bancorp

$53.33 /

+2.165 (+4.23%)

Piper Sandler analyst…

Piper Sandler analyst Frank Schiraldi raised the firm's price target on Customers Bancorp to $57 from $42 and keeps a Neutral rating on the shares post the Q3 results. A boost to capital has allowed the bank to expand core growth and helped lead to an improved earnings outlook, Schiraldi tells investors in a research note.

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CUBI Customers Bancorp
$53.33 /

+2.165 (+4.23%)

CUBI Customers Bancorp
$53.33 /

+2.165 (+4.23%)

10/29/21 B. Riley
Customers Bancorp price target raised to $80 from $60 at B. Riley
10/29/21 Maxim
Customers Bancorp price target raised to $75 from $52 at Maxim
10/11/21 Jefferies
Customers Bancorp price target raised to $52 from $47 at Jefferies
08/27/21 B. Riley
Customers Bancorp price target raised to $60 from $55 at B. Riley
CUBI Customers Bancorp
$53.33 /

+2.165 (+4.23%)

Recommendations
Customers Bancorp price target raised to $80 from $60 at B. Riley » 08:51
10/29/21
10/29
08:51
10/29/21
08:51
CUBI

Customers Bancorp

$51.28 /

+5.385 (+11.73%)

B. Riley analyst Steve…

B. Riley analyst Steve Moss raised the firm's price target on Customers Bancorp to $80 from $60 and reiterates a Buy rating on the shares following the disclosure that the company's new real-time payments business added $1.5B in deposits ahead of the soft launch in October. The analyst believes the real-time payments initiative with Tassat, combined with additional fintech initiatives and management's emphasis to profitably deploy those deposits, "should support a re-rating of the stock."

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CUBI Customers Bancorp
$51.28 /

+5.385 (+11.73%)

CUBI Customers Bancorp
$51.28 /

+5.385 (+11.73%)

10/29/21 Maxim
Customers Bancorp price target raised to $75 from $52 at Maxim
10/11/21 Jefferies
Customers Bancorp price target raised to $52 from $47 at Jefferies
08/27/21 B. Riley
Customers Bancorp price target raised to $60 from $55 at B. Riley
06/23/21 Wedbush
Customers Bancorp price target raised to $51 from $42 at Wedbush
CUBI Customers Bancorp
$51.28 /

+5.385 (+11.73%)

Recommendations
Customers Bancorp price target raised to $75 from $52 at Maxim » 08:07
10/29/21
10/29
08:07
10/29/21
08:07
CUBI

Customers Bancorp

$51.28 /

+5.385 (+11.73%)

Maxim analyst Michael…

Maxim analyst Michael Diana raised the firm's price target on Customers Bancorp to $75 from $52 and keeps a Buy rating on the shares. The company reported a "huge" Q3 earnings beat thanks to the "massive amounts of deferred fees on PPP loans", the analyst tells investors in a research note. Diana adds that Q4 should also be a "very strong quarter" with about $4 per share in deferred net revenue that has been earned but waiting to be recognized as PPP loans are forgiven.

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CUBI Customers Bancorp
$51.28 /

+5.385 (+11.73%)

CUBI Customers Bancorp
$51.28 /

+5.385 (+11.73%)

10/11/21 Jefferies
Customers Bancorp price target raised to $52 from $47 at Jefferies
08/27/21 B. Riley
Customers Bancorp price target raised to $60 from $55 at B. Riley
06/23/21 Wedbush
Customers Bancorp price target raised to $51 from $42 at Wedbush
05/27/21 B. Riley
Customers Bancorp price target raised to $55 from $50 at B. Riley
CUBI Customers Bancorp
$51.28 /

+5.385 (+11.73%)

Earnings
Customers Bancorp sees recurring core earnings power $4 in 2021 » 16:17
10/27/21
10/27
16:17
10/27/21
16:17
CUBI

Customers Bancorp

$45.90 /

-1.9 (-3.97%)

"Looking ahead, we…

"Looking ahead, we are very optimistic about the prospects of our company. The best in class tech agility of Customers Bancorp has allowed us to be a major participant in the PPP program and to incubate new lines of businesses that leverage our fintech relationships. We recently launched a private real-time, blockchain-based B2B payments platform with integration of digital and legacy payment rails. The platform will deliver enhanced payments functionality for our business clients and is expected to generate additional deposit growth in targeted niches, such as real estate, monetary and currency exchanges and institutional investments. We've achieved significant accretion in our capital levels over the past 12 months and our credit quality is expected to remain in line with or better than peers. The financial benefits of PPP aside, we project our recurring core earnings power to be $4.00 in 2021; $4.75 - $5.00 in 2022, an increase of 20% - 25% over 2021 core earnings; and we expect to achieve $6.00 in core EPS even sooner than the guidance we had provided for 2025," concluded Mr. Sidhu.

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CUBI Customers Bancorp
$45.90 /

-1.9 (-3.97%)

CUBI Customers Bancorp
$45.90 /

-1.9 (-3.97%)

10/11/21 Jefferies
Customers Bancorp price target raised to $52 from $47 at Jefferies
08/27/21 B. Riley
Customers Bancorp price target raised to $60 from $55 at B. Riley
06/23/21 Wedbush
Customers Bancorp price target raised to $51 from $42 at Wedbush
05/27/21 B. Riley
Customers Bancorp price target raised to $55 from $50 at B. Riley
CUBI Customers Bancorp
$45.90 /

-1.9 (-3.97%)

Earnings
Customers Bancorp reports Q3 core EPS $3.36, consensus $1.98 » 16:17
10/27/21
10/27
16:17
10/27/21
16:17
CUBI

Customers Bancorp

$45.90 /

-1.9 (-3.97%)

"This quarter's…

"This quarter's results mark a milestone in our company's history, with more income earned in a single quarter than any of our previous full-year earnings," remarked Customers Bancorp Chairman and CEO, Jay Sidhu. "Our organic growth rates remain remarkable, with our C&I loans growing 19% year-over-year, consumer installment loans growing 32%, and non-interest bearing deposits growing 113%. In addition, we funded, either directly or indirectly, about 347,000 PPP loans totaling $10 billion, helping those businesses deal with adversities related to the pandemic with most of them thriving today. We also earned $346 million of deferred origination fees from the SBA through the PPP loans and we could not be prouder of our participation in and execution of this program. As demonstrated this quarter, the recognition of the deferred fees is significantly accretive to our earnings and capital levels as these loans are forgiven by the government. We also recently launched a blockchain-based real time payments token that will immediately begin serving a growing array of B2B clients who want the benefit of instant payments, which is expected to significantly enhance our core low-to-no cost deposit franchise. This combined with our market expansion plans, new teams and lending verticals, and strong pipeline leave us very well positioned to support future growth. We remain optimistic about our future," Mr. Sidhu concluded.

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CUBI Customers Bancorp
$45.90 /

-1.9 (-3.97%)

CUBI Customers Bancorp
$45.90 /

-1.9 (-3.97%)

10/11/21 Jefferies
Customers Bancorp price target raised to $52 from $47 at Jefferies
08/27/21 B. Riley
Customers Bancorp price target raised to $60 from $55 at B. Riley
06/23/21 Wedbush
Customers Bancorp price target raised to $51 from $42 at Wedbush
05/27/21 B. Riley
Customers Bancorp price target raised to $55 from $50 at B. Riley
CUBI Customers Bancorp
$45.90 /

-1.9 (-3.97%)

Recommendations
Customers Bancorp price target raised to $52 from $47 at Jefferies » 09:13
10/11/21
10/11
09:13
10/11/21
09:13
CUBI

Customers Bancorp

$44.75 /

-0.24 (-0.53%)

Jefferies analyst Casey…

Jefferies analyst Casey Haire raised the firm's price target on Customers Bancorp to $52 from $47 and keeps a Buy rating on the shares as he introduced his 2023 EPS estimates for the bank group. He models two 25 basis point Fed rate hikes in 2023, including one in January and one in July, and a steeper rate curve with the 10-year U.S. Treasury yield reaching 2.1% by year-end 2023.

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CUBI Customers Bancorp
$44.75 /

-0.24 (-0.53%)

CUBI Customers Bancorp
$44.75 /

-0.24 (-0.53%)

08/27/21 B. Riley
Customers Bancorp price target raised to $60 from $55 at B. Riley
06/23/21 Wedbush
Customers Bancorp price target raised to $51 from $42 at Wedbush
05/27/21 B. Riley
Customers Bancorp price target raised to $55 from $50 at B. Riley
04/30/21 Maxim
Customers Bancorp price target raised to $52 from $35 at Maxim
CUBI Customers Bancorp
$44.75 /

-0.24 (-0.53%)

Over a quarter ago
Recommendations
Customers Bancorp price target raised to $60 from $55 at B. Riley » 07:39
08/27/21
08/27
07:39
08/27/21
07:39
CUBI

Customers Bancorp

$39.15 /

-0.92 (-2.30%)

B. Riley analyst Steve…

B. Riley analyst Steve Moss raised the firm's price target on Customers Bancorp to $60 from $55 and reiterates a Buy rating on the shares. The company's 10% share repurchase program is a positive as it signals management's confidence in accelerating Paycheck Protection Program forgiveness, which should result in meaningful capital generation and book value accretion, Moss tells investors in a research note.

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CUBI Customers Bancorp
$39.15 /

-0.92 (-2.30%)

CUBI Customers Bancorp
$39.15 /

-0.92 (-2.30%)

06/23/21 Wedbush
Customers Bancorp price target raised to $51 from $42 at Wedbush
05/27/21 B. Riley
Customers Bancorp price target raised to $55 from $50 at B. Riley
04/30/21 Maxim
Customers Bancorp price target raised to $52 from $35 at Maxim
04/30/21 B. Riley
Customers Bancorp price target raised to $50 from $41 at B. Riley
CUBI Customers Bancorp
$39.15 /

-0.92 (-2.30%)

Earnings
Customers Bancorp raises FY21 core EPS view to $7.00-$8.00 from at least $6.00 » 16:58
08/26/21
08/26
16:58
08/26/21
16:58
CUBI

Customers Bancorp

$39.15 /

-0.92 (-2.30%)

Consensus fro FY21 EPS is…

Consensus fro FY21 EPS is $6.67. CEO Jay Sidhu stated, "We could not be happier with where we stand today and the prospects of our company. Depending on the timing of PPP loan forgiveness, we now expect 2021 core earnings per share to be between $7.00 and $8.00, with a resulting book value of up to $37.00 per share by year-end 2021, before the effect of any common share repurchases. We also expect to launch our previously announced Real Time Payments systems network before the end of Q3...Our fintech capabilities generated $72.5M of shareholder value creation through the BankMobile divestiture and special one-time dividend and about $400M of total anticipated revenues from PPP alone"

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CUBI Customers Bancorp
$39.15 /

-0.92 (-2.30%)

CUBI Customers Bancorp
$39.15 /

-0.92 (-2.30%)

06/23/21 Wedbush
Customers Bancorp price target raised to $51 from $42 at Wedbush
05/27/21 B. Riley
Customers Bancorp price target raised to $55 from $50 at B. Riley
04/30/21 Maxim
Customers Bancorp price target raised to $52 from $35 at Maxim
04/30/21 B. Riley
Customers Bancorp price target raised to $50 from $41 at B. Riley
CUBI Customers Bancorp
$39.15 /

-0.92 (-2.30%)

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